MONEY MARKET.
STOCK EXCHANGE, FRIDAY EVENING.
THE Money Market this week has shown greater ease, and the general rate for the best paper has fallen to 2* to 21 per cent. At the Bank,
where the minimum is retained at 3f, there is consequently scarcely any business doing. On the Stock Exchange the supply is so abundant that almost any amount could be obtained at 11 per cent. The financial pressure in Paris continues, but the Bank of France still refrain from raising their rate of discount. It is believed that they will attempt to relieve the existing difficulty by other and extra- ordinary palliatives. In the mean while the Italian Government have consented to postpone the payment of part of the instalment falling
due next month on the new loan. The Minister of Finance has given notice in the Moniteur of the raising of the interest allowed on French Treasury Bonds one-half per cent:
The Funds have improved, owing to the abundance of money. Con- sols for the Account, which closed last week at 921 921, are now quoted 93 93/. Exchequer Bills and other Government Securities have also advanced, especially India Five per Cents and Rupee paper. The latter appears to have been bought by the Indian banks in con- nexion with the issues of notes under the new law.
There has not been much business doing in Foreign Stocks, but the tendency of the market is generally firm. Turkish Six per Cents, however, have receded on the unsatisfactory advices from Constanti- nople; but closed better than at one period. Mexican has slightly improved. The new Italian loan has been pressed for sale, and conse- quently exhibits a decline. Railway Stocks have been in good demand, and generally show an advance, the traffic returns continuing good, and thus stimulating public confidence. Great Northern has been exceptionally flat, the receipts in this case presenting a less augmentation than had been ex- pected. Lancashire and Yorkshire and Midland are the firmest among the heavy stocks. In the Colonial Market, Indian guaranteed descriptions are higher. Foreign shares have been steadily rising, especially Belgian and Bra- zilian, the latter being most in favour. In Miscellaneoas Shares, Red Sea Telegraphs have improved on the proposal of the Treasury that the company should commute their pre- sent guaranteed interest of 4} per cent. for 50 years, for a regular an- nuity, payable at the Bank of England. This change would prevent for the future any difficulty or delay about the payment of the divi- dend, such as was experienced in the commencement of the year. The imports of Specie this week include the Indus from Alex- andria, with 182,7991. in Australian gold, brought by the overland
mail; 40001. from Quebec, and a moderate amount from Russia. The exports comprise 72,0411. to Calcutta and China, and 55,2521. to New York.
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